Just one week ago we were in paradise, now we are in Armageddon. WTF. Pisani doing damage control. Wait for Finkster and Buffett to come on soon saying its a buying opportunity. Cant believe we are panicking over a 3% drop...I cant wait to see when we hit down 30%...there maybe rockets and missiles in the sky.

thats good dude...i dont mind things going disorderly in the financial markets....its about time already given the disorderly shit (that I try to understand in my brain but cant) that goes on unnoticed in our everyday lives all over the world. I hope you and Doc didnt buy in on the recent drop.

judging by talking to doc yesterday I'd say we are in similar positions, we both scrambled over to megacap div payers. I have since further scrambled into bonds. I'm making a partial bet that we end up going JGB over here.

i think the straw on the camel back is HFT. i'm in a casino and find out the dice are loaded. i already willingfully entered knowing the odds are against me. i now leave and find a new venue to express my human weakness...

Yup. I agree WC..i was being sarcastic but with a 33x leverage, maybe its 3% drop in a day that worries the Fed...not a big drop over a few days....maybe because the Fed will always backstop the bank with capital or there will be repos done at the end of the day?

However, this drop does feel a bit disorderly than others we have witnessed over the past few years.

They are trying for a controlled demolition where the insiders get to sell their shares off to the Fed for printed dollars. Individuals are left wealty and all the crap is contained in corporations. The Fed is the bagholder this time and the Fed heads all think they inhabit the mother of all TBTF institutions.

If the institution that prints the dollar is insolvent, then it must be saved right?

Everything is fake, other than the .1%'s dollar denominated wealth. If it looks like the dollar is going to tank, it will be defended and stocks will be sacrificed, until the .1% maneuver their "wealth" into something else.

The markets were making a push for even after the collapse at the open. But that was short lived. Whoever was intervening couldn't keep it going. Hopefully Janet is by her phone. It should start ringing wtih panicky people on the other end.

Haven't most of the "Smart Money" and exceutive money managers already moved to the sidelines (beyond just shorting positions), all the while still shouting buy-buy-buy to the muppets? Seems like there was a ZH thread a while back on this or am i mistaken? If thats the case isn't that rather telling?